Shareholders of Vivo (VIV) and Portugal Telecom (PT) won't be in suspense much longer, as...

|By:, SA News Editor

Shareholders of Vivo (VIV) and Portugal Telecom (PT) won't be in suspense much longer, as Telefonica (TEF) has ruled out extending its €7.15B ($9B) offer for PT's Vivo stake. "This ends July 16," says Telefonica Chairman Cesar Alierta.